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two leading economists on Australia’s post-COVID economy
With three months before JobSeeker is due to end and calls for billions of dollars in extra spending, there is a growing debate about how Australia’s post-coronavirus economy will actually look.
While Scott Morrison has said Australia will need to lift economic growth by “more than one percentage point above trend” through to 2025, a 22-economist panel hosted by The Conversation forecast a bleaker result.
Growth one percentage point above trend would average almost 4% per year.
The Conversation’s economic panel forecast an annual growth averaging 2.4% over the next four years, much less than…
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